By Sheri Kasprzak
New York, May 2 - Adroit Resources Inc. has upsized to C$1,759,500 its previously announced C$1,630,500 private placement.
The company now plans to sell 5,865,000 units at C$0.30 each.
The units are comprised of one share and one warrant, with each warrant exercisable at C$0.50 for the first year and C$0.60 for the second year.
The deal priced on April 20 as a C$1,630,500 offering of 5,435,000 units.
Proceeds will be used for the development of the company's mineral properties, particularly those in Italy, as well as for working capital.
Vancouver, B.C.-based Adroit is a mineral exploration company focused on diamond, precious and base metals.
| Issuer: | Adroit Resources Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,759,500
|
| Units: | 5,865,000
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50 for the first year; C$0.60 for the second year
|
| Pricing date: | April 20
|
| Upsized: | May 2
|
| Stock symbol: | TSX Venture: ADT
|
| Stock price: | C$0.35 at close April 20
|
| Stock price: | C$0.35 at close May 2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
